2015-05-12T21:42:54-05:00 2014-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2013-07-01 222482802 Rowan University Foundation % JOSEPH F SCULLY JR ROWA 8562564119 201 Mullica Hill Road Suite Glassboro NJ 08028 RJ Tallarida Jr EXECUTIVE DIRECTOR 8562564119 2015-05-12 true Russlee Armstrong P00288383 8562564119 2013 2016-04-25 22:37:26Z Ronald J Tallarida 201 Mullica Hill Road Glassboro NJ 08028 37838343 false X www.rufoundation.edu X 1983 NJ The Foundation's mission is to raise money and obtain objects of value, through donation, private or public grants, or gifts for the use of or benefitting Rowan University. 23 22 0 25 -97916 -98496 5733672 8076184 0 0 50473 17279940 -44652 -11440 5739493 25344684 9600590 10029307 0 0 0 0 0 0 47184 585925 587624 10186515 10616931 -4447022 14727753 166735559 191315541 2282873 2007371 164452686 189308170 X THE FOUNDATION SHALL OPERATE WITH THE EXPRESS PURPOSE OF RAISING FUNDS AND OBTAINING OBJECTS OF VALUE, THROUGH DONATION, PRIVATE OR PUBLIC GRANTS, GIFTS OR OTHERWISE FOR THE USE OF OR BENEFITING ROWAN UNIVERSITY WITH THE GOAL OF ENRICHING THE EDUCATION AND STUDENT LIFE OF THE STUDENTS OF ROWAN UNIVERSITY AND IMPROVING THE EDUCATIONAL OPPORTUNITIES AND/OR SERVICES PROVIDED TO STUDENTS, FACULTY, ALUMNI AND THE GENERAL PUBLIC. false false 1517586 1517586 0 Scholarships given to students. 8511721 8511721 0 Grants to Rowan University. 53981 0 Miscellaneous Foundation Activities 10083288 true true false false false false false false false true false true false false true false true true false false false false false false true false false true true true false false false false false false false false true false false false false true false false false true 0 0 0 true true false false false false true true false false false false X 23 22 false false false false false false false true true false false true true true true true true false false false NJ X JOSEPH F SCULLY JR 8562564127 201 MULLICA HILL ROAD Glassboro NJ 08028 Dr Ali Houshmand Director (Pres of Rowan Univ) 5.0 50.0 X 0 552066 43557 David Burgin Director 2.0 0.0 X 0 0 0 April Carty Sipp Director 2.0 0.0 X 0 0 0 Joe Bottazzi Vice Chairman 3.0 0.0 X X 0 0 0 Tony Galvin Secretary 3.0 0.0 X X 0 0 0 Robert Novick Director 2.0 0.0 X 0 0 0 Harry I Scheyer Director 2.0 0.0 X 0 0 0 Anthony Calabrese Director 2.0 0.0 X 0 0 0 Julio Interiano Director 2.0 0.0 X 0 0 0 Pauline Schneider Director 2.0 0.0 X 0 0 0 James Tarangelo Director 2.0 0.0 X 0 0 0 Robert W Hoey Director 2.0 0.0 X 0 0 0 Alyce Parker Past Chairman 2.0 0.0 X X 0 0 0 Paul Tully Chairman 5.0 0.0 X X 0 0 0 Scott Kintzing Director 2.0 0.0 X 0 0 0 Virgina Smith Director 2.0 0.0 X 0 0 0 Stanley LaBruna Director 2.0 0.0 X 0 0 0 Erica Ortiz Director 2.0 0.0 X 0 0 0 Stephen H Clark Treasurer 3.0 0.0 X X 0 0 0 David J Strout Director 2.0 0.0 X 0 0 0 Jack Hafner Director 2.0 0.0 X 0 0 0 Jessica Healy Director 2.0 0.0 X 0 0 0 George Awad Director 2.0 0.0 X 0 0 0 RONALD J TALLARIDA EXEC DIR/AVP INST ADV 10.0 40.0 X 136464 29347 0 688530 72904 0 false true false 0 92995 7983189 1162494 8076184 0 2077351 -98541 2175892 0 0 0 0 0 27654794 12452205 15202589 15202589 625 15201964 30014 92995 41454 -11440 -11440 0 0 0 25344684 -97916 17366416 8511721 8511721 1517586 1517586 0 0 0 0 0 0 0 0 0 76755 76755 36830 36830 0 0 158945 158945 0 0 16445 16445 0 0 0 0 0 0 0 0 0 30827 30827 DEVELOPMENT 45075 45075 CATERING 38202 38202 FOUNDATION ACTIVITIES 15779 15779 APPRAISAL FEE 7500 7500 161266 159157 2109 10616931 10083288 486459 47184 0 0 2935047 8823630 7190901 6341657 0 0 0 0 0 0 0 0 0 0 0 0 0 104132929 118149879 52476682 58000375 0 0 0 0 0 0 166735559 191315541 628063 233082 0 0 357641 359477 0 0 0 0 0 0 0 0 0 0 1297169 1414812 2282873 2007371 X 34025532 53885609 19410486 22279487 111016668 113143074 164452686 189308170 166735559 191315541 X 14727753 10120048 7683 X false true X true X 1784981 3808565 3770901 5733672 8076184 23174303 0 0 1784981 3808565 3770901 5733672 8076184 23174303 4146992 19027311 2581490 2322746 2611460 1947112 2077351 11540159 0 29916 31594 30967 23590 30014 146081 34860543 0.54581 0.48285 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111016668 2126406 113143074 110285093 731575 111016668 109559372 725721 110285093 108685061 874311 0 0 0 0 109559372 108976733 189295 -480967 0 0 0 108685061 1.00000 false false REALTY INVESTMENTS 5144602 F ALTERNATIVE INVESTMENTS 52855773 F 58000375 0 DEPOSITS HELD-ALUMNI ASSOCIATION 1414812 1414812 35513869 10120048 7683 10127731 25386138 -41454 -41454 25344684 10658385 41454 41454 10616931 10616931 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 To provide scholarships to the students of Rowan University and gifts to Rowan University in meeting its educational mission. Reconciliation of Revenue - Other Schedule D, Part XI, Line 2d Actuarial Adjustment $7,683 Schedule D, Part XI, Line 4b Fundraising expense (reclass) $(41,454) Reconciliation of Expenses - Other Schedule D, Part XII, Line 2d Fundraising expense (reclass) $41,454 GOLF TOURNAMENT 67134 43170 23964 2500 13922 7654 MLK BREAKFAST 55875 49825 6050 320 17058 0 123009 92995 30014 2820 13922 24712 41454 -11440 true Rowan University 201 Mullica Hill Road Glassboro NJ 08081 222764819 115 8533161 Program Services Financial Aid 1 Student Scholarships 364 1517586 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 The foundation maintains transfer records for all gifts raised for the University, monitors the expenditures of those funds, and provides stewardship reports to donors regarding usage of the funds. The Foundation provides scholarships to students matriculating at Rowan University; therefore, funds granted are used to defray the cost of tuition and no further monitoring of these grants is required. false false false false false false false false false Dr Ali Houshmand Director (Pres of Rowan Univ) 0 546761 0 0 0 5305 0 20400 0 23157 0 595623 RONALD J TALLARIDA EXEC DIR/AVP INST ADV 136061 0 403 11117 18230 165811 X 1 1005000 Appraisal X 5 37053 Fair Market Value X Various 14 120441 Fair Market Value false false true Sale of Donated Securities by Third Party Schedule M, Line 32a ROWAN UNIVERSITY FOUNDATION USES AN UNRELATED THIRD PARTY TO SELL DONATED PUBLICLY TRADED SECURITIES. Delegation of Authority Form 990, Part VI, 1a The Board delegates its authority to the investment committee to make decisions regarding Foundation investments. Form 990 Review Process Form 990, Part VI, Line 11b The Rowan University Accounting Services Office (Accounting Services) acts as the liaison in the preparation of the tax returns for Rowan University Foundation (the Foundation). Accounting Services provides all the financial information to the paid tax preparer based on the Foundation's audited financial statements as well as the records of Rowan University's Accounting System for the Foundation. Accounting Services contacts the Foundation's officers and staff to obtain answers to the non-financial questions and provides this information to the paid tax preparer. A draft of the Form 990 is reviewed by accounting services personnel and the Foundation's officers and/or staff. Each board of directors member will receive a copy of the completed Form 990 prior to its filing with the Internal Revenue Service. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c The Board is asked annually to review and sign the conflict of interest policy. All documents are then reviewed by the executive director to ensure there are no conflicts and/or address any issues. How Documents are Made Available to the Public Form 990, Part VI, Line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Part XI, Line 9 Actuarial Adjustment $7,683 Rowan University 201 Mullica Hill Road Glassboro NJ 08028 222764819 University NJ 115 NA false Rowan University Alumni Association 201 Mullica Hill Road Glassboro NJ 08028 237132916 Support NJ 501(c)(3) 7 Rowan Univ false false true false false false false false false false false false true false true false false false false false